New York Considers Making Property Insurers Cover Taxi Claims Losses – Go Health Pro

New York Considers Making Property Insurers Cover Taxi Claims Losses – Go Health Pro

New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure is one of several options under discussion as the state’s Department of Financial Services — which regulates insurers — grapples with mounting financial troubles at … Read more

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses – Go Well being Professional

New York Regulator Orders Taxi Insurer to Weigh Sale After Losses – Go Well being Professional

New York’s insurance coverage regulator issued a damning report laying out the severely flawed monetary situation of New York’s largest insurer of taxis and for-hire autos, in addition to dozens of potential monetary improprieties and accounting issues, warning that the results of failure could possibly be devastating for tens of hundreds of drivers within the … Read more

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